SHANGHAI, Dec. 12, 2019 /PRNewswire/ -- CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the "Company"), a fast-growing global mobile internet company, today announced it is revising and raising its revenue guidance for the fourth quarter of 2019. The Company now expects net revenue for the fourth quarter of 2019 to be approximately US$53 million, an increase from its previously announced guidance of about US$48 million. For the fiscal year of 2019, CooTek expects its total revenue to be about US$162 million from previously forecasted US$157 million.
CooTek's Co-Founder and Chairman, Mr. Karl Zhang said, "We are raising our revenue guidance to reflect the growing strength of our in-house ads network, CooTek Ads Platform, and better than expected performance of some of our portfolio apps. The better than anticipated growth of our CooTek Ads Platform has at the same time driven increases in average revenue per user ("ARPU") and overall return on investment ("ROI") which I believe reflects the growth trajectory we are now on. We are confident that these investments in user acquisition will continue to pay off sustainably going forward which makes us optimistic about our full year results and our long-term outlook as we continue to drive growth momentum."
About CooTek (Cayman) Inc.
CooTek is a fast-growing global mobile internet company. The mission of CooTek is to empower everyone to express themselves and enjoy relevant content seamlessly. The Company's user-centric and data-driven approach has enabled it to release appealing products to capture mobile internet users' ever-evolving content needs and helps it rapidly attract targeted users. Focusing on 5 verticals of fitness, news and short videos, healthcare, lifestyle and entertainment, CooTek has developed multiple rapidly growing content-rich portfolio apps with news feed to deliver relevant content.
Safe Harbor Statement
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CooTek (Cayman) Inc.
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